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, philadelphia, new york city, boston, the most congested corridor in the united states of america, that is the only 600 miles that we really own. we another small stretches around the commuter -- all the rest of amtrak service, over 20,000 miles of private freight rail. i see the main rail people in the audience and they have concerns too about using theirs and not having dedicated them and we need to address that issue as we move forward. final point is northeast quarter is where we should be putting the focus. give the administration credit for at least taking the money that has been turned back dedicating so that to the northeast quarter but we are doing it in a piecemeal, half baked fashion. the northeast corridor, every state, every major area can benefit by bringing high-speed rail to the northeast corridor. 70% of our air traffic delays emanate from the northeast corridor even when we have next-generation air traffic control, move planes faster and closer together with doubling of air-traffic, all of the other restrictions we have in that corridor, you must have high-speed
or the united states of america. mr. speaker, more jobs means that the impact of the weaker than forecast gdp on the public finances have been less than some might have expected. there have been three developments that have each had a significant one-off impact on the public finances, and in the report today we publish clearly and transparently the impacts of all three. first, there is the transfer of the royal mail pension fund to the public sector at part of its privatization. this produces a one-off reduction in the deficit of 28 billion pounds this year, but it adds to the deficit in the years afterwards. second, the previous goth had class -- government had classified northern rock asset management as off balance sheet. today it is brought on balance sheet in line with the office of national statistics. this adds about 70 billion pounds to our national debt and reminds us of the price the country is still paying for the failures of the past. third, the government as decided -- has decided, third, the government has decided with the agreement of the bank of england to transfer excess cash
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